Form 4: Mid Penn Bancorp Director Matthew G. De Soto Increases Stake in Company

Director Matthew G. De Soto increased his holdings in Mid Penn Bancorp through open market purchases on May 16, 2025.

Summary

• On May 16, 2025, Matthew G. De Soto, a director of Mid Penn Bancorp Inc., purchased 3,560 shares of the company's common stock through a series of transactions.
• The purchases were made at prices ranging from $28.063 to $28.159 per share.
• Following these transactions, De Soto directly owns 108,138.251 shares of Mid Penn Bancorp common stock.
• De Soto also indirectly owns 3,327 shares through PUTMA for Children and 78 shares through L T D Investments.
• Additionally, De Soto holds 1,945 shares of common restricted stock that vest on the first anniversary of the grant date.
• The balance includes shares acquired through the Dividend Reinvestment Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a routine transaction.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's performance and future prospects. Form 4 filings are a routine part of regulatory compliance for corporate insiders.

Stakeholder Impact

• The increased stake by a director could positively influence shareholder sentiment.

Key Dates

Keywords

Mid Penn Bancorp, MPB, Director, Matthew G. De Soto, Stock Purchase, Beneficial Ownership, Form 4, Insider Trading